PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Verizon Issues Explanation for Blocking Google Wallet

Mercator Advisory Group by Mercator Advisory Group
December 11, 2012
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Verizon recently issued a response to an FCC complaint regarding Google Wallet, explaining Google Wallet is only blocked because the mobile application requires access to the secure element.

Verizon illustrates payment apps such as those issued by Starbucks, Square, and PayPal are allowed on the device, and it would happily allow Google Wallet if the app did not involve the secure element. Although Isis, the mobile payments solution co-founded by Verizon, T-Mobile and AT&T, will be allowed full access to devices’ secure elements, Verizon claims this is because Isis has gone through a “special approval process.”

From Phandroid:

Verizon states ”Google is free to offer its Google Wallet application in a manner that doesn’t require integration with the secure element, and many payment applications do just that.” Verizon apparently won’t grant an application access to the secure element until it goes through a “special process,” one that we’re not surprised to see go unexplained in the text sent to the FCC.

Few people have any doubt that Verizon’s resistance to Google Wallet is a method of supporting Isis. Verizon’s statement that it doesn’t want Google to access the secure element is believable. However, the reason is almost certainly not because Google accessing the secure element presents some form of risk. Isis functions by using the secure element, and allowing another mobile wallet to function in a similar fashion would promote competition, limiting Isis’s market.

Click here to read more from Phandroid.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023
    cross-border payments

    How to Implement Effective and Innovative Cross-Border Payment Strategies

    January 24, 2023
    credit card experiences, digital payments, b2b payments

    Will Consumer-to-Business Payment Trends Drive B2B Global Growth in 2023?

    January 23, 2023
    Faster Payments Faster Identity Verification, connected car, payments

    2023 Predictions: Authentication, Digital Identity, and In-Car Payments

    January 20, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the U.S. Bank report - Real-time payments